Sensex Hits Nearly One-Month High, Nifty Touches 11,050: 10 Things To Know
- At 9:44 am, the Sensex traded with a gain of 120.86 points and the Nifty was up 46.15 points at 11,033.60.
- Top gainers on the 50-scrip index at the time were Wipro, Bharti Infratel, ICICI Bank, Adani Ports, ITC and State Bank of India (SBI), trading between 1.41 per cent and 4.03 per cent higher.
- Market breadth favoured the gains on the markets, with 1,356 stocks on the BSE at the time trading in the positive zone, against 352 that moved lower.
- “Investors are looking for firm details about a possible US-China trade deal that's helped drive a sharp rally in global equities in 2019. We expect Nifty to follow up on yesterday' dominant session and continue towards 11,100 mark,” brokerage Yes Securities said in a note.
- US Secretary of State Mike Pompeo said on Monday he thought the United States and China were "on the cusp" of a deal to end their trade war. He added on Tuesday that "things are in a good place, but it's got to be right".
- Banking stocks were in focus a day after at least 19 lenders, including ICICI Bank and State Bank of India (SBI), said they were fined by the Reserve Bank of India (RBI) for failing to comply with its guidelines on global payments network SWIFT.
- The RBI imposed fines over the past four days, according to stock exchange filings by the banks.
- The Nifty Bank - comprising banking stocks - rose as much as 0.31 per cent in early trade.
- Equities in other Asian markets moved in a tight range, as investors awaited fresh directional cues from US-China trade negotiations.
- MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed. Australian stocks added 0.2 per cent while Japan's Nikkei declined 0.5 per cent.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
